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Your daily horoscope: May 9, 2025

  IF TODAY IS YOUR BIRTHDAY A change of direction is a must this year as you have reached the end of your current journey and need a new challenge. Make a break with the past and make it one that cannot be reversed. Move forward fast and don’t look back. ARIES (March 21 - April 20): Someone you meet on your travels will catch your eye and maybe your heart as well. If it’s true that opposites attract you could find yourself getting close to someone whose charms are very different to your own – and remarkably the relationship will work. TAURUS (April 21 - May 21): Someone you think of as a friend will say something today that annoys you intensely. It may be the case though that they can see things that you cannot, so be open to what they tell you. They could be doing you a very big favor. GEMINI (May 22 - June 21): If you listen too much to other people’s advice today you could end up facing in several directions at once and ultimately getting nowhere. Pay attention to what friends a...
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Ottawa’s Immigration Cuts: A Shift in Economic Strategy

 

In a surprising policy shift, the Canadian government has announced significant cuts to its immigration targets over the next few years. This move marks a departure from the pro-growth ethos that has characterized Canada’s immigration policy for over a decade.

Economic Impact and Rationale

The federal government, led by Prime Minister Justin Trudeau, has decided to reduce the number of new permanent residents from 485,000 in 2024 to 395,000 in 2025, with further reductions planned for 2026 and 2027. This decision is driven by concerns over housing affordability, rising unemployment, and the strain on public services.

Economic Benefits of Immigration

Economists and business leaders have expressed concern over the potential negative impacts of these cuts. Immigration has been a crucial driver of Canada’s economic growth, preventing a recession last year by boosting population and consumer spending. Newcomers have filled vital roles in various sectors, including accommodation, food services, and transportation.

Balancing Growth and Sustainability

While the government acknowledges the economic benefits of high immigration levels, it argues that the cuts are necessary to allow infrastructure and public services to catch up with population growth. This pause is seen as a pragmatic step to stabilize the economy and address pressing issues like housing shortages and healthcare accessibility.

Future Implications

The reduction in immigration targets is expected to have wide-ranging implications. It may relieve some pressure on the housing market and public services but could also slow economic growth and reduce the labor force. As Canada navigates this new approach, the balance between economic growth and sustainability will be closely watched by policymakers and economists alike.


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